FG Falcon Gold Corp

Falcon Gold Corp. (TSX VENTURE: FG) is pleased to announce the signing of an Option Agreement ("Agreement") whereby Falcon can acquire a 100% interest in the Fenton Twp. Property from Joseph Bardswich ("Bardswich"). The Fenton Property is located in Fenton Township, within the Porcupine Mining Division, Ontario, and consists of 2 unpatented claims (32 claim units). The Fenton Twp. Property is accessible by road, and is situated near the town of Kapuskasing on the Trans- Canada Highway (Highway 11).

Under the terms of the Agreement, Falcon may earn a 100% interest in the Fenton Property by making cash payments to Bardswich of $25,000 on signing of the Agreement, $50,000 on the first anniversary of the signing of the Agreement, and $75,000 on the second anniversary of the signing of the Agreement. In addition Falcon will issue to Bardswich 150,000 common shares of Falcon and 150,000 warrants with an exercise price of $0.20 effective on the date of signing of the Agreement, 200,000 common shares of Falcon and 200,000 warrants with an exercise price equal to 110% of the average trading price of Falcon shares for the ten days prior to exercise of the warrants, on the first anniversary of the signing of the Agreement, and issue to Bardswich 300,000 common shares of Falcon and 300,000 warrants with an exercise price equal to 110% of the average trading price of Falcon shares for the ten days prior to exercise of the warrants. All warrants are for a period of 12 months from the date of issue and are subject to an acceleration clause in the event the closing trading price of Falcon common shares is equal to or greater than 150% of the exercise price for a period of twenty consecutive days.

The Agreement to acquire a 100% interest in the Fenton Property is subject to a 2.5% NSR of which Falcon may buy-back 50% or 1.25% at any time for $1,000,000.

The issuance of common shares and warrants of Falcon is subject to approval by the TSX Venture Exchange

Falcon must incur sufficient exploration expenditures to maintain the property in good standing with the Ministry of Northern Development, Mines and Forestry. The cost of maintaining this property in good standing would be $12,800. per year.

The Ontario Geological Survey, (OGS) carried out a soil sampling program in the area during the 1990s that identified the property as possibly hosting VMS type mineralization. Limited work by BRC Development Corp. in 2000 / 2001 identified Copper mineralization on the property but did not do a recommended follow up program. Falcon Gold has acquired the property as an early stage exploration project with the potential to host a VMS type Copper/Gold deposit. A planned exploration program will commence on the property in the near future.

Qualified Person

Jamie Lavigne, P.Geo, Vice President of Exploration and Director of Falcon Gold is the Qualified Person under National Instrument 43-101 who has reviewed and verified the technical contents of this news release. Mr. Lavigne has not yet visited the Fenton Twp. Property.

About Falcon Gold Corp.

Falcon Gold Corp. is a Canadian mineral exploration company focused on generating, acquiring, and exploring a quality pipeline of mining opportunities in the Americas. It's flagship property is the 100% owned Burton Gold Property which is located in the Abitibi Greenstone/Swayze Extension Gold Belt which hosts the world-class mining centres of Kirkland Lake, Timmins, and Val d'Or and is situated approximately 8 km west of Augen Gold's Jerome Mine deposit and 38 km west of Trelawney Mining's Cote Lake deposit.

On Behalf of the Board of Directors

FALCON GOLD CORP.

Edward Stringer President, CEO and Director

This press release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and United States securities laws. All statements, other than statements of historical fact, included herein, including statements regarding the anticipated content, commencement, duration and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the timing of the receipt of assay results, and business and financing plans and trends, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward- looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements. Important factors that could cause actual events and results to differ materially from the Company's expectations include those related to weather, equipment and staff availability; performance of third parties; risks related to the exploration stage of the Company's projects; market fluctuations in prices for securities of exploration stage companies and in commodity prices; and uncertainties about the availability of additional financing; risks related to the Company's ability to identify one or more economic deposits on the properties, and variations in the nature, quality and quantity of any mineral deposits that may be located on the properties; risks related to the Company's ability to obtain any necessary permits, consents or authorizations required for its activities on the properties; and risks related to the Company's ability to produce minerals from the properties successfully or profitably. Trading in the securities of the Company should be considered highly speculative. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the latest technical reports filed with respect to the Company's mineral properties.

This news release may contain information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Falcon Gold Corp. Timea Carlsen Manager, Corporate Communications 778-998-2473 (BIRD) timea.carlsen@falcongold.ca www.falcongold.ca